Wednesday, 23 Nov 2011. BIMB – Stock Pick

BIMB ( 5258 : 1.80 ) : Targeting 2.00
Description
Resistance : 2.00
Support : 1.78
RSI of 39
RSI is slightly oversold
STOCHASTIC
It is oversold
TREND INDICATOR
Down
Comment
The current correction may have bottomed at the 61.8% retracement of 1.78, indicating that it is due for a
technical rebound to 2.00
Trading Strategy
Buy for 2.00. Stop loss is at 1.76